Chip studied at Baylor University’s Hankamer School of Business and graduated in 1998 with a degree in Business Administration.

Chip met his future wife, Joanna Gaines, at college, but he really got to know her at her father’s auto shop. The couple eventually married in 2003 and they have four children: Ella, Emmie, Drake, and Duke. The family, which is expecting another child, presently resides in Waco, Texas.

Despite wanting to become a baseball player, Chip has ventured into business, launching a wide array of private companies, including Fold and Green and Gold Wash. Shortly after marrying Joanna, the duo became successful home flippers through their business Magnolia Homes.

In 2013, Chip and Joanna were tapped to have their own reality television series that focused on home remodeling. Called “Fixer Upper,” it became one of the most popular shows on HGTV. The success of the show has helped Chip and Joanna appear on multiple programs, including “Entertainment Tonight,” NBC’s “Today,” and “Celebrity Page.”

Chip and his wife made headlines in December 2016 and April 2017. First, Chip and his family were slammed for attending Antioch Community Church, which features a pastor who opposes gay marriage and homosexuality. Second, it was reported that they were being sued by former business partners for allegedly buying out their shares without informing them of a deal with HGTV to pick up “Fixer Upper.”

He has also written two books: “The Magnolia Story” and “Capital Gaines: Smart Things I Learned Doing Stupid Stuff.”

We estimate that Chip Gaines’s net worth is $20 million (2017).

So how much is $20 million really?

$20 million can purchase a dozen homes in Waco, Texas that can be flipped. $20 million can also start several small businesses.